I think he has actually looked decent, but just isn't producing any offense. He would be a fantastic #4C, who could take important FO's near the end of close games. A th line of folingo, Koivu, and Hartman would be awesome.
1- he can't come back on a big cap hit.
2- No NMC. Maybe a limited NTC and a gentleman's agreement to not trade him without his consent. If the cap hit is low enough, he would just refuse to report if he didn't want to go, anyway.
3- All this is academic if his main competition is Rask. Rask is just as slow if not slower, much weaker, no great shakes offensively himself, and a mediocre at best defensive player.
4- I would like Sturm to get a shot, but admit that he is not exactly burning up the AHL.
5- At this point it looks like we will have 3 4C's in Koivu, Sturm, and Rask, one middle C in JEE, and one top 6C in Staal (hopefully).
So, at this point I am thinking that we offer Mikko a one year, 2.5M contract for next year. If he can't deal with that, then it's time to move on. I think he will still be an asset to the team at that cap hit, but would rather that JEE gets PP TOI and Ozone FO's than him, so JEE can develop his offense. It's not ideal, but i don't see any other C possibility at this point.